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Home » Topics » Inside Mortgage Finance » Originations

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The CFPB’s Latest RFI: How We Doing in the Complaint Department? Meanwhile Mulvaney Testifies…

April 11, 2018
Paul Muolo
Mulvaney – a former GOP Congressman from South Carolina and a Tea Party acolyte – declared: “The Bureau’s new strategic priorities are to recognize free markets and consumer choice and to take a prudent, consistent, and humble approach to enforcing the law.”
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Ginnie MBS Production Tumbled to Three-Year Low in 1Q18

April 11, 2018
John Bancroft
The agency issued $92.58 billion in MBS backed by forward mortgages during the first three months of 2018.
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Short Takes: Rep. Waters Doesn’t Hold Back on Criticism of Mulvaney / Next Up: Sen. Warren (CFPB Founder) / When Bank LOs Make More than Their CEOs / G-Rate Steps Up LO Recruitment / Worrying About GSE Servicing Comp (Still)

April 11, 2018
Brandon Ivey and Paul Muolo
According to the consulting firm of Garrett, McAuley & Co., some mortgage loan officers at depositories earn at least four-times what their CEOs make...
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Bill Dallas Named President of Finance of America?

April 10, 2018
Paul Muolo
So far, Bill Dallas has shunned all media requests for comment.
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SoFi Hires Former Co-Head of Structured Finance at Goldman as CFO. Meaning?

April 10, 2018
Brandon Ivey
The hiring of Gill hire has prompted some speculation that SoFi might resume issuance of non-agency MBS…
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GNMA Chief Confident Agency Will Win Back Investors

April 10, 2018
George Brooks
Bright said actions Ginnie has taken send a clear message to the industry and to investors that it is intent on eliminating the problem.
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ARMs Gained Market Share in 2017, but Volume was Flat

April 10, 2018
Brandon Ivey
Chase was the top-ranked ARM producer in 2017…
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Short Takes: Morgan Stanley Dumps PHH Shares / Wells Fargo Doing Just Fine / What did the Megabank Do Wrong This Time? / Out of Character for Mulvaney? / Wells is Not Running a Charity / A Vote Against Being Socially Responsible / Envoy Sells TPO Unit to

April 10, 2018
Paul Muolo
In a nut shell, Wells argues it’s not running a charity (but of course) and that executive compensation is “designed to pay for performance and encourage long-term shareholder value.”
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Non-Agency MBS Issuance Shines Brightly in 1Q18; EC MBS a Standout

April 9, 2018
Brandon Ivey
Expanded-credit MBS issuance tripled in the first quarter…
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MBS Trading Volume on the Rise in Early 2018

April 9, 2018
Paul Muolo
Demand for agency product remains strong, but the investor base is beginning to shift somewhat, said MBS Highway Principal Barry Habib...
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